Examlex
Abstract nouns name a quality or idea not perceived by the senses.
Elastic Demand
Elastic demand refers to a situation where the quantity demanded of a product changes significantly in response to changes in its price.
Consultant
A professional who provides expert advice in a particular area or industry.
Round Trip
A journey to a destination and back to the original starting point, usually referring to travel.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating its sensitivity to price changes.
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